Paxos to Acquire E-Money Institution Membrane Finance
With a new agreement for Finland-licensed E-money platform Membrane Finance, Paxos hopes to increase its footprint throughout the EU. In an announcement on November 19, Paxos, the company that generates stablecoins, including Pax Dollar, PayPal USD, and Pax Gold, revealed the possible agreement. The report states that the acquisition of Membrane Finance will aid Paxos’ […]
Semler Scientific Buys 215 More Bitcoin
The medical equipment manufacturer Semler Scientific has provided investors with an update on its Bitcoin holdings. It currently has $114 million in Bitcoin. Semler paid $17.7 million, or $82,502 per Bitcoin, for 215 Bitcoin between November 6 and November 15. According to a press statement, the corporation currently has 1,273 Bitcoins, which were acquired for […]
Goldman Sachs to Spin Out Crypto Platform
As the use of cryptocurrencies in the United States increases, Goldman Sachs is in negotiations to turn its digital asset platform into a stand-alone business. Bloomberg claims that as part of its strategy to reach a wider audience with its blockchain infrastructure products, Goldman Sachs has enlisted the help of a number of industry participants. […]
Pump.fun Fee Account Sells $25m SOL
Pump.fun, a meme coin launch platform, sold more Solana tokens generated in fees. Lookonchain, a blockchain data monitoring platform , announced on November 18 that Pump.fun has sold 105,000 Solana tokens. Lookonchain said on X that the offloaded tokens, which at the time amounted over $25 million, originated from the meme factory’s fee account. The […]
BlackRock Receives Commercial License to Operate in Abu Dhabi
BlackRock has now expanded its operations into the Middle East with a license to operate in Abu Dhabi. The investment management firm intends to file for a regulatory license to open for business in the Abu Dhabi Global Market, located in the center of the UAE capital, according to a Bloomberg article released on November […]